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6. At Raymond Company, the following errors were discovered...

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Accounting

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6. At Raymond Company, the following errors were discovered after the transactions had been journalized and posted. Prepare the correcting entries. a. A collection on account from a customer for $870 was recorded as a debit to Cash $870 and a credit to Service Revenue $870 b. The purchase of store supplies on account for S1,510 was recorded as a debit to Supplies S1,150 and a credit to Accounts Payable $1,150

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